India, July 22 -- Shruti Pai, wife of Ranjan Pai, chairman of the Manipal Education and Medical Group, has purchased a luxury duplex apartment in Bengaluru's upscale Jayamahal Extension for Rs.64 crore, according to documents accessed by Zapkey. This makes it one of the most expensive residential deals in the area.

The transaction highlights a growing shift in Bengaluru's ultra-luxury housing market. Real estate experts say the Rs.50 crore-plus segment, once dominated by standalone bungalows, is now seeing increased demand for premium apartments.

In 2024, Ajit Isaac, chairman and managing director of Bengaluru-based Quess Corp, bought a 10,000 sq ft property worth Rs.67.5 crore in the Koramangala area, the IT capital's billionaire stree...